VCI Global Acquires US$100 Million in OOB Tokens and Is Appointed as Treasury Manager of OOB Foundation, in Partnership with OOBIT, Where Tether (USDT Issuer with US$183 Billion in Circulation) Is the Largest Shareholder
1. VCIG acquires $100 million in OOB tokens, enhancing digital-asset position.
2. Tether becomes largest shareholder, strengthening VCIG's market footprint.
3. OOB token integrated into innovative digital payment platform.
4. VCIG aims to bridge multiple sectors through technological advancements.
5. Establishment of Digital Treasury Division planned to manage digital assets.
The acquisition of OOB tokens strengthens VCIG's strategic market position, similar to other successful tech integrations.
How important is it?
The strategic acquisition and partnership with recognized entities can significantly influence VCIG's market trajectory.
Why Long Term?
The strategic partnership and technological integrations are likely to enhance VCIG's growth over time, evident in past cases like blockchain integrations that led to value appreciation.
KUALA LUMPUR, Malaysia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global" or the "Company") today announced the acquisition of approximately US$100 million (book value) in OOB tokens and its appointment as Treasury Manager for the OOB digital-asset ecosystem, in which Tether Investment Limited ("Tether") holds the largest ownership stake.
Following the transaction, Tether, through its holdings in OOBIT, is expected to become the largest shareholder of VCI Global, alongside industry leaders including Solana co-founder Anatoly Yakovenko, CMCC Global, and 468 Capital. This strategic alignment positions VCIG at the center of a rapidly evolving digital-asset ecosystem and strengthens its connections with key global players in blockchain and fintech.
Transaction Structure
VCI Global acquired US$50 million worth of OOB tokens at a US$200 million market capitalization (US$0.20 per token) through the issuance of restricted shares to the OOB Foundation.
An additional US$50 million in OOB tokens will be acquired through cash purchases on the secondary market following the token's upcoming launch.
About the OOB Token and OOBIT Platform
The OOB token will serve as the utility and incentive token within OOBIT, a next-generation digital payments and remittance platform that integrates blockchain technology into everyday financial activity.
Its key capabilities include:
Tap-to-pay crypto transactions across merchant POS systems
Low-cost cross-border remittances with near-instant settlement
Loyalty and rewards powered by OOB token utility
Multi-chain interoperability bridging traditional finance and decentralized ecosystems
"This development reinforces our long-term commitment to building a cross-sector platform that advances technology, AI, digital assets, and industry applications through the capital markets. We aim to create sustainable value by bridging innovation with real-world growth," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
"We are not simply completing a digital-asset transaction. VCIG is a well-rounded platform advancing multiple sectors, from AI to finance to infrastructure. This combination presents tremendous potential to accelerate growth and expand the real-world utility of our ecosystem," said Moshe Schisser, Chairman of OOBIT.
Next Steps
Completion of the remaining US$50 million cash-based OOB token purchase following launch;
Establishment of VCI Global's Digital Treasury Division to manage digital-asset initiatives; and
Integration of token utility into VCI Global's AI, fintech, and sovereign data platforms.
About VCI Global Limited
VCI Global Limited is a cross-sector platform builder at the forefront of technology and financial architecture. The Company focuses on developing and scaling platforms across artificial intelligence, encrypted data infrastructure, digital treasury systems, and next-generation capital market solutions.
By integrating technology innovation with financial ecosystems, VCI Global enables enterprises, governments, and institutions to capture opportunities in the evolving digital economy. The Company's strategy is centered on building scalable platforms that deliver resilience, efficiency, and long-term value across multiple high-growth sectors.
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
